Thank you, Mr. Chairman. Borrowing is not done through lines of credit at the banks. Each morning, our tax analyst looks at the government's tax position, estimates payments that are going to be made, revenues that are going to be received, estimates the requirements for the next few days and then goes to the market, phones various brokers looking for who will lend us the appropriate amount of money or who would want to borrow from us any excess we have. It is done at market rates each day.
Mr. Setchell on Forecasting
In the Legislative Assembly on March 6th, 2001. See this statement in context.
Forecasting
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
March 6th, 2001
Page 1588
Setchell
See context to find out what was said next.